Bristol Gate Capital Partners Inc. Invests $55.69 Million in MSCI Inc $MSCI

Bristol Gate Capital Partners Inc. acquired a new stake in MSCI Inc (NYSE:MSCI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 99,434 shares of the technology company’s stock, valued at approximately $55,688,000. MSCI comprises approximately 3.9% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hsbc Holdings PLC acquired a new position in MSCI during the second quarter valued at approximately $103,120,000. EFG International AG acquired a new stake in shares of MSCI in the 2nd quarter valued at approximately $1,278,000. Ancora Advisors LLC acquired a new stake in shares of MSCI in the 2nd quarter valued at approximately $27,000. Canada Pension Plan Investment Board bought a new position in shares of MSCI in the second quarter valued at $92,822,000. Finally, Galaxy Digital Capital Management GP LLC acquired a new position in MSCI during the second quarter worth $2,800,000. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 1.3%

NYSE:MSCI opened at $564.08 on Wednesday. The stock has a market cap of $41.01 billion, a P/E ratio of 30.86, a PEG ratio of 2.18 and a beta of 1.23. The stock has a 50 day simple moving average of $580.63 and a 200 day simple moving average of $573.08. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The firm had revenue of $867.00 million during the quarter, compared to analyst estimates of $870.71 million. During the same period in the prior year, the company earned $4.17 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts forecast that MSCI Inc will post 19.61 EPS for the current year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $2.05 dividend. The ex-dividend date is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. MSCI’s dividend payout ratio is 44.86%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore set a $722.00 price target on shares of MSCI in a research note on Wednesday, July 22nd. Raymond James Financial lifted their price target on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 8th. Morgan Stanley restated an “overweight” rating and issued a $700.00 price objective on shares of MSCI in a research note on Tuesday, July 21st. Jefferies Financial Group began coverage on MSCI in a research note on Friday, July 17th. They set a “buy” rating and a $760.00 target price for the company. Finally, Barclays increased their price target on MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $709.50.

MSCI Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.